Jo Anne B. Ansuyon, Jennilyn C. Hernando, Rayzel C. Lumawod
Year Published
2012
Abstract
The Loan Monitoring System of VPSTEMPCO will track and control the loan transactions faster and secure. The system will facilitate the various transactions with regards to calculations of payments and monitoring of loans. It provides a search engine for an easy tracking of records. The system would maximize the loan transactions, as well as it will provide efficiency for the company. It is capable of controlling of the credit and risk factors throughout the life of the loans.
The method of investigation applied in this study is qualitative in order to gain the necessary information needed. The research instruments that are being used in gathering needed data are actual interview, interview questionnaire and observation. After the presentation and analysis of the manual system, the proponents concluded that there are problems exist and come up to a solution that Loan Monitoring System for VPSTEMPCO is needed to help personnel's do their job efficiently./ the Bookkeeper. They are the authorize person to generate disclosure, monthly and yearly reports. The proponents assured that the authorize personnel should at least have the knowledge on basic operating of computer and the system will beneficially useful to the user of the cooperative for an easy interaction. This system will help the manual Loan Monitoring to be automated. The benefits of the system are to acquire necessary details and information that can be accumulated in short period of time compared to manual method that takes a lot of time. It can give faster and reliable information compared to manual operation. Therefore the implementation of this system will eliminate the common error and problems on day to day operations, which will return benfits to the user. The expected output of this proposed system is to turn the manual monitoring system into an automated one, that is needed to supervise and manage the loan transaction of the cooperative and to produce more precise loaning reports and record information faster and save it in a more secured databases in a system. Through faster and reliable performance of the new system, certainly the Victorias Public School Teachers and Employees Multi-Purpose Cooperative (VPSTEMPCO) will be competitive enough like the other loaning companies in the industry.
